The Zero Hash settlement service currently supports spot settlement of fiat and cryptocurrencies.

TradAir’s trading solution continues to undergo more updates and integrations that are designed to make it more dynamic for cryptocurrency traders. In this sense, the Israel-based provider of cloud trading technology solutions today announced a partnership agreement with Chicago-based crypto exchange Seed CX, which allows its clients to access a wider range of cryptocurrency markets and its key liquidity venues.

The Zero Hash settlement service currently supports spot settlement of fiat and cryptocurrencies and will be launching support for repo, forwards, and other product types in the coming months. The product was already implemented into the trade cycle of traditional brokers, single-dealer platforms, FX ECNs, and other institutional trading venues.

Seed CX, which offers through its CFTC regulated swap execution facility, has registered its Zero Hash service as a Money Services Business and FX Dealer with FinCEN. Zero Hash is also a registered Money Transmitter in over 30 states.

With multiple currencies supported and several pairs traded, Seed CX is obviously gearing towards operating in the crypto space more like a forex broker, albeit focused on the institutional segment. Casting the spotlight on this realm, SeedCX’s executives participated in the 2018 Finance Magnates London Summit, delving into the analysis of price discovery, liquidity, and hedging in different crypto trading models.

TradAir continues its push into crypto space

TradAir offers its customers ‎access to FX liquidity sourced from major bank and non-bank liquidity ‎providers, delivered via TradAir’s HTML5 eFX platform. The technology developer positioned itself as an ideal partner for many brokerages as the company deploys its servers in several locations, including London, New York, Singapore, and Tel Aviv.‎

Brian Liston, Seed CX co-founder and president of Zero Hash, added: “The result enables traders to create a single-dealer platform using TradAir’s technology, and easily settle trades executed on the platform using Zero Hash’s post-trade infrastructure – leveraging all of the benefits of our settlement-as-a-service offering.”